Announced
Financials
Sources
Tags
Friendly
Acquisition
Single Bidder
oilfield automation
Majority
Private
United States
Oil Equipment and Services
Pending
Private Equity
Synopsis
Cottonwood Venture Partners-backed SitePro, an automation technology solutions and service provider for the energy industry, agreed to acquire Integrated Control Solutions, an oilfield automation provider. Financial terms were not disclosed. "The ICS acquisition is a key part of our corporate development strategy to expand the number of sites automated with our platform and solidify unmatched customer service for the markets in which we operate. We are extremely excited to have ICS founders, Randy Greer and Dominic Whitworth, retaining ownership in SitePro and joining our management team. Randy and Dominic's industry expertise and commitment to customer service will help accelerate SitePro to its next growth phase." David Bateman, SitePro Chairman of the Board and Co-CEO.
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